Use the Following Information for Questions

question 36

Multiple Choice

Use the following information for questions.
On January 1, 2018, Warner Inc. purchased 3.5%, $50,000 face value Jackson Corp. bonds at face value. Interest is payable semi-annually on July 1 and January 1. The bonds are classified as held for trading investments. The bonds were sold on July 2, 2018 for $53,000.
-On January 1, Saskatoon Corporation purchased as a trading investment a $1,000, 6% bond for $1,060. The bond pays interest on January 1 and July 1. After receiving and recording the interest, the bond is sold on July 1 for $1,100. What is the entry to record the cash proceeds at the time the bond is sold?

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Definitions:

Criteria

Standards or conditions that are used for judging, filtering, or selecting data in various contexts, such as database querying or research evaluation.

Outer Join

A type of SQL join that returns all rows from one table and matches rows from another table, including rows with no direct match, thereby including all rows from both tables.

Relationships Window

In database applications like Microsoft Access, the relationships window is a graphical interface that displays the database tables and the relationships (links) between them, allowing users to manage how data in different tables is connected.

Query Design View

A graphical interface in database software that helps users create or modify queries by dragging and dropping database objects.